Property Details
Retail / Catering Premises to Let
Portsmouth & Southsea railway station is a Grade II listed building. The station is located on the Portsmouth Direct Line and provides services to London Waterloo, Portsmouth Harbour as well as London Victoria and Brighton. The station is close to the Commercial Road shopping area. Passenger figures from the Office of the Rail Regulator state that Portsmouth & Southsea Station had in just excess of 1.707 million passenger entries and exits and in excess of 21,158 interchanges in 2022/23.
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Eva Puchowska
Ian Chalmers
Location
The property forms part of the Station building. The premises are located adjacent to the main entrance to the station and has a frontage and entrance to the station forecourt and pick up and drop off area.
Description
The premises has the following approximate floor area, measured on a net internal basis:
Total area 50 sq m 535 sq ft
Agreement Details
The premises are being offered by way of a new 6-year tri-partite lease. The lease will be contracted out of the security of tenure and provisions of the 1954 Landlord & Tenant Act. Standard Railway Lease Terms will apply. The lease will not permit assignment or sub-letting. If the tenant requires a longer lease then subject to Network Rail Infrastructure Limited, a longer term may be available. The incoming tenant will be expected to pay the landlord and if a longer lease is required, the superior landlords costs associated with the grant of this lease.
Rent
Offers in the region of £19,000.00 per annum plus vat along with supporting turnover rent provision.
User
The landlord wishes to provide their customers and the communuty that the railway serves with an exceptional quality retail offer. Interested parties should send information on their organisation along with a brief outline of their business and he products they sell. Amey TPT makes a non-refundable reference charge of £75 plus VAT.
Insurance
The tenant will make a contribution towards the landlord’s building insurance of £410 per annum plus vat.
Service Charge
There is currently no service charge for the premises but the landlord reserves the right to introduce any service charge in the future.
Other Costs
The tenant will be responsible for all utilities, business rates and insurance.
Shop Fitting
Shopfit works will need to be undertaken by professional qualified contractors. The incoming tenant will be required to provide detailed annotated shop fit plans and signage proposals demonstrating a high quality shopfit. The works and signage will require the Landlord's consent and technical consent of the Superior Landlord, Network Rail Infrastructure Limited. Shopfit must be of high quality with use of energy efficient equipment.
Rating
The payment of business rates will be the responsibility of the tenant.
The Valuation Office Agency advise that the premises are Local authority (Portsmouth City) reference 177510160710.
The rates liability for the property is as follows: -
Rateable Value: £28,500.00
Based on the current multiplier of 0.512 for 2023/24 Rates Payable 23/24 rate year: £14,592.00
Energy Performance
EPC rating D
Viewing
For further details relating to this property please contact us:
Ian Chalmers – Account Manager
Email: ian.chalmers@amey.co.uk
Tel: 020 7921 2935
Eva Puchowska – Portfolio Surveyor
Email: eva.puchowska@amey.co.uk
Tel: 07395 883 599
Eva Puchowska
Assistant Surveyor
Assistant Surveyor with ten years' experience in in both commercial and residential property organisations within public and private sectors.
Acting on behalf of First MTR South Western Railway, Eva assists the Portfolio Manager with the provision of estate management for the retail space on their stations. Her aim is to continuously seek to improve both the Client's commercial income and the existing retail offer. This is achieved through the competitive tender of units, lease renewals, rent reviews, new lettings and assisting in projects to create new retail units.
Call: 07395 883 599
Email: Ewa.Puchowska@amey.co.uk
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